electric vehicles
Elon Musk’s Tesla stock sale hits $5B mark
Elon Musk has sold about $5 billion worth of Tesla stock, according to a slew of regulatory filings that posted late Wednesday. Initial filings showed Musk had sold 934,091 shares for about $1.1 bil
Foxconn buys Lordstown Motors’ Ohio factory for $230M, plans to help produce Endurance electric pickup
Electric light-duty truck manufacturer Lordstown Motors has officially sold its 6.2-million-square-foot Lordstown, Ohio factory to Foxconn, the Taiwanese hardware manufacturing company best known for
Ample raises $30M to take battery swapping business to Europe
Ample, a startup developing battery swapping technology for electric vehicles, has scored another $30 million from The Blackstone Group and Spanish multinational financial services company Banco Santa
Electric automaker Rivian valuation pops above GM, Ford in biggest IPO of 2021
The euphoria around Rivian kicked into overdrive Wednesday as it debuted as a publicly traded company, with an opening share price of $106.75. If that sticks, it would give Rivian an implied valuation
Inspiration, an EV asset financing firm, comes out of stealth with $200M and Revel as first customer
Inspiration wants to help commercial fleets go electric, and it has already started by financing electric mobility company Revel’s ride-hail fleet of blue Teslas. The startup, which finances ele
Chinese EV startup Nio’s journey to the West
Nio, a Chinese electric vehicle startup listed on the NYSE, will be in at least six European markets by 2022. The firm shared its ambitions for Europe on its earnings call this week. Nio is already ta
Rivian raises $12B in one of the hottest IPOs of 2021
Electric automaker Rivian has priced its initial public offering at $78 a share, pushing it far above its targeted share price as investors dove in the year’s most highly anticipated IPO. Update
Workhorse reports $81M loss, plans to redesign C-1000 electric cargo van
Electric vehicle startup Workhorse Group is hemorrhaging money. During the company’s third-quarter earnings call, Workhorse reported an $81 million loss, blaming an increase in operating costs a
Rivian expands into fleet business beyond its ‘exclusive’ Amazon deal
Electric vehicle startup Rivian is expanding a fleet business that appeared to be exclusively tied to Amazon. The company, in which Amazon holds a 20% stake, will start taking orders for its electric
Autonomous driving startup Momenta raises another $500M
In the wake of a $300 million investment from General Motors in September, Momenta, an autonomous driving solution provider from China, announced today an additional $500 million added to its Series C
Rivian hit with gender discrimination lawsuit that alleges toxic ‘bro culture’
Rivian, the electric automaker that recently filed for an IPO, has been sued by a former sales and marketing vice president for alleged gender discrimination. The lawsuit alleges that Laura Schwab, a
Fisker is on target to launch the Ocean electric SUV in November 2022
Fisker provided an upbeat forecast on the ramp-up of its electric automaking business during Wednesday’s third-quarter earnings call, highlighting its manufacturing partnership with Foxconn, a b
Ford electrified a classic F-100 truck to showcase its EV motor kit
Chevy isn't the only one electrifying vintage cars to sell you on aftermarket EV motors. Ford has introduced an F-100 Eluminator concept that upgrades the circa-1978 pickup truck.
Voltaiq is helping companies like Mercedes-Benz keep their EVs on the road
The Chevy Bolt recall was a huge and expensive setback for GM — and arguably the broader EV market. The sheer number of vehicles — about 141,000 — highlighted the fact that neither battery cell
ZipCharge Go is a suitcase-size powerbank for EVs
ZipCharge has launched a new type of charging product for EVs that might be able to convince people worried about range anxiety to switch from gas vehicles: A power bank for EVs.
EV conversion startup Opibus raises $7.5M to start bus and motorcycle mass production
Opibus, the first company in Kenya to commercially future-proof diesel and gasoline vehicles by converting them to electric, is set to embark on an ambitious plan to mass produce electric buses and mo
EV startup BasiGo debuts in Nairobi after $1 million pre-seed funding
Electric vehicle startup BasiGo has today announced the launch of its operations in Nairobi, bringing clean energy options to Kenya’s public transport industry, currently dominated by fossil-fuel bu
Electric vehicle maker Rivian seeks to raise $8.4 billion in IPO
Electric vehicle startup Rivian hopes to raise up $8.4 billion in its initial public offering, according to a regulatory filing posted Monday. The company, which is backed by Amazon, said in the fili
Tesla is opening its Supercharger network to other EVs for the first time
Tesla is rolling out a pilot program in the Netherlands that opens 10 Supercharger locations to non-Tesla electric vehicles for the first time. Non-Tesla drivers that want to use a Supercharger locati
Amazon reveals 20% stake in Rivian ahead of EV maker’s IPO
Amazon disclosed Friday that it owns a 20% stake in Rivian, the electric automaker that filed for an IPO earlier this month. As of September 30, the e-commerce giant held equity investments, including